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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Medtronic (MDT) Operating Margin (2016 - 2026)

Medtronic (MDT) has disclosed Operating Margin for 13 consecutive years, with 16.24% as the latest value for Q1 2026.

  • Quarterly Operating Margin fell 361.0% to 16.24% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 17.0% through Jan 2026, up 21.0% year-over-year, with the annual reading at 17.76% for FY2025, 186.0% up from the prior year.
  • Operating Margin hit 16.24% in Q1 2026 for Medtronic, down from 18.81% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 21.37% in Q1 2022 to a low of 12.26% in Q2 2024.
  • Historically, Operating Margin has averaged 17.58% across 5 years, with a median of 18.01% in 2023.
  • Biggest five-year swings in Operating Margin: soared 495bps in 2022 and later plummeted -605bps in 2024.
  • Year by year, Operating Margin stood at 18.51% in 2022, then fell by -9bps to 16.78% in 2023, then grew by 13bps to 18.98% in 2024, then decreased by -1bps to 18.81% in 2025, then decreased by -14bps to 16.24% in 2026.
  • Business Quant data shows Operating Margin for MDT at 16.24% in Q1 2026, 18.81% in Q4 2025, and 16.85% in Q3 2025.